FRAMINGHAM (03/29/2000) - 7-Eleven Inc. customers will soon be able to cash checks, purchase money orders, send and receive wire transfers and even buy tickets and do other online shopping through automated teller machines (ATM) at 7-Eleven convenience stores.
The Dallas-based company will roll out kiosks at 200 7-Eleven stores in the Dallas/Forth Worth area beginning in June or July. The kiosks will be provided by Dayton, Ohio-based NCR Corp., and New York-based American Express Co. will provide financial services functionality such as check-cashing services, money orders and wire services.
Looking ahead to the fourth quarter, 7-Eleven customers will be able to use the ATMs to buy books and CDs, download movies and even get travel directions, according to 7-Eleven spokeswoman Margaret Chabris.
There will be fees for all the services.
Some of these services are already being tested. For example, some 40 7-Eleven stores in the Austin, Texas, market are using NCR ATMs for services such as check cashing, said NCR spokesman Rob Evans.
Here's how the check-cashing process works: First, a store clerk checks a customer's driver's license. Then the ATM uses a video camera to check the customer's face against a database of facial scans. Finally, the check is scanned and the ATM verifies the amount. Meanwhile, there will be human backup at a central help desk, Evans said.
He added that the facial scans are fairly accurate and can even distinguish between twins, but help desk personnel will be available in case there are multiple possible matches.
NCR will eventually move toward an iris identification system, which is even more accurate than facial matching, Evans said.